Nerac, Inc. Reviews

Current Employee – been working at Nerac, Inc.

Pros – Working hours
Starting salary
Not taking vacation, end up forfeiting vacation days.

Cons – No salary increases
No promotional ladder
Stuck in one position
Work can become routine, burn out is high.

Advice to Senior Management – Recognize who actually is involved and cares about the company.

Current Employee – been working at Nerac, Inc. full-time

Pros – The other analysts are fun to work with, the clients are interesting, you can work from home and have a flexible schedule. The types of projects that are worked on include technical literature reviews, patent searches, and business market research. The companies that are worked with are very diverse and allow you to work with many different types of people. Travel is interesting and varied and includes Europe to meet clients and is engaging.

Cons – Nerac claims to be a victim of the economy; however, rebranding as a business solutions firm is failing. Company constantly tries new ways of doing things. President never visits clients and holes up in his office reviewing numbers. Management is young and inexperienced. Every year or two there are significant layoffs. Work quality is slowly declining. Stay in your lab, you will find it hard to get back into one if you go here. Limited career opportunities if you try to leave. Stay in my lab position. Young people with children be aware…be very aware…of the unstable situation.

Advice to Senior Management – Bring in an experienced leader.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Former Employee – worked at Nerac, Inc.

Pros – * Very smart people (analysts)
* Interesting projects
* Flexible work hours
* The option to work from home
* Good vacation and sick leave benefits
* Onsite exercise facility
* Free coffee
* Bagel day

I worked at Nerac for about 3 years. During the first half of my employment period, I really enjoyed working at Nerac. The other analysts were very smart and interesting to be around. They were fun to work with. I looked forward to seeing them every day.

Cons – After about six months into my employment at Nerac, the company started a transition into a new business model. Initially, I was very excited, but it soon became clear that there were serious problems. Numerous people were fired. The company started losing money. Analyst were put into difficult circumstances. It became impossible for analysts to meet performance objectives. Analysts were unfairly graded. A large number of analysts were laid off in 2007. The new business model was failing. The management at Nerac blamed the analysts and sales staff for all failures and the lackluster financial performance. The firings and staff reductions continued. Conditions worsened. I witnessed the careers of many analysts being sacrificed for the ambitions of a short sighted management. A tremendous amount of talent was wasted. It simply became too painful to work there and I left the company. The company is still in a downward spiral and I do not believe it will survive for much longer.

Advice to Senior Management – Transitioning to a new business model is bold, risky and tricky. A great number of mistakes have been made. Mistakes are continuing to be made. However, the management at Nerac does not learn from these mistakes. The management continues to press forward with a defective business model. It has thrown away an enormous amount of talent in the process. The management is reactionary, not visionary. The management should have listened to the smart people who work(ed) there. The sheer bullheadedness, arrogance and closed mindedness is the greatest obstacle to Nerac's renaissance.

No, I would not recommend this company to a friend

Former Employee – worked at Nerac, Inc.

Pros – The pay is very good. There is an exercise room and the company fosters a healthy environment (tries to get people to quit smoking, ride bicycles, etc.). Working as an analyst can be an interesting and stable way to use a science or engineering degree or other knowledge. The company does attempt to create a kind of community environment by calling employees, employee-owners and forming lots of committees. It would be positive environment for someone who really wants to be involved socially with their workplace. Many employees live far away from CT and work from their homes and there is a great deal of flexibility with hours allowed.

Cons – Those in middle-management give their subordinates a lot of responsibility, but no authority to do a good job. It is a frustrating way to work. People are hired because they possess knowledge and skills which they are then not trusted to use without micromanagement. Often, those who do have authority to make decisions are unable or unwilling to delegate authority to those who have more knowledge or skills related to the question at hand. Many decisions are made quickly and without a great deal of thought. Very basic changes in workforce, management and the general vision of what the company is are made far too often. Two major cycles of layoffs and hiring occurred while I was there within two years.

Advice to Senior Management – You hire good, smart people. Trust their judgement and their decisions.

No, I would not recommend this company to a friend

Former Employee – worked at Nerac, Inc.

Pros – Many employees work from home, allowing for an excellent work/life balance. The client work can be interesting and the peer working group is highly intelligent and hard-working.

Cons – The Somali government is better run than this organization. The hubris of the laughably inexperienced upper management team, especially the CEO, has brought the company to its knees. They have n-e-v-e-r worked anywhere else and thus have no means of understanding the client side of the business or how to lead a staff that is, by and large, more accomplished and accredited than they are.

It is a flat organization in which there are the chosen few at the top and the many doers on the bottom, with no opportunity for advancement or professional growth. In fact, there are no performance reviews, merit increases or bonuses. Furloughs and salary cuts (some over 30%) have been the order of the day for the last two years. Business has been declining for the past several years and the message has consistently been that the blame falls upon the shoulders of the scores of talented ex-employees who were unable to execute the latest foolproof offering from the Strategy of the Month Club.

It is a place in which very good people are treated very poorly. I would heartily recommend many of my former colleagues as I found them to be diligent, bright and personable. That said, I cannot recommend this organization as a place of employment to anyone.

Advice to Senior Management – We all look to insulate ourselves from our shortcomings but the vehement unwillingness to learn is tragic. Please stop insisting that you have all of the right answers and begin to reflect upon, correct and incorporate some of the things that your former employees have told you. If their thoughts are good enough for your clients...

No, I would not recommend this company to a friend

Former Employee – worked at Nerac, Inc.

Pros – Ability to work from home
Intellectual Freedom
Variety of Projects/Topics
Great Analyst Staff

Cons – Pay cuts
Layoffs
Terminations
Unpaid Furloughs
Mandatory (and unpaid) 4-day workweek
Clueless/inexperienced upper management

Advice to Senior Management – Find someone who can run a business
Stop blaming employees for your failures

No, I would not recommend this company to a friend